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In May 2018, Vistra acquired Radius, making it the number one international expansion services provider in the US. Vistra International Expansion now has more than 1,300 experts working in more than 40 jurisdictions to help you explore new markets and reduce the risk and complexity of global operations. Visit our new website.

Belgium: Corporate Income Tax Consolidation

1/18/2019

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Effective January 1, 2019, Belgium introduced a Corporate Income Tax (CIT) consolidation regime. The regime is open to Belgian companies, EEA companies, and Belgian branches of foreign companies where there is a 90 percent direct connection for at least five years (or an indirect connection via an intermediary holding company). When a group of companies is consolidated for CIT purposes, a profitable company may make a “group contribution” to a loss-making company in exchange for the loss-making company’s tax losses.

If you’ve expanded into a foreign country, you’ve experienced the transition to a whole new set of laws and business regulations. Foreign laws governing business practices are frequently difficult to adjust to and sometimes quite frustrating. But once in a while, foreign business laws can also be downright surreal. Here are four favorites we’ve come across. We think you might learn something even from these head-scratchers.

Last week, Singapore’s finance minister announced the 2017 budget. We’ve summarized its most important points for foreign entities doing business in Singapore and for those considering expanding there.